Ah!: what changed
Ah!
Largest movements
- Cash -€7,242
down €7,242 (-8.5%), from €84,732 to €77,490
mainly Contributions, distributions and other (-€165,873) and Trade debts (-€18,882)
- Tangible fixed assets -€5,707
down €5,707 (-20.4%), from €28,029 to €22,322
- Deferred charges and accrued income -€2,328
down €2,328 (-20.1%), from €11,562 to €9,234
- Other debts +€125,805
up €125,805 (+2,974%), from €4,230 to €130,034
- Reserves -€115,602
no longer reported in 2025 (was €115,602)
of which Distributable reserves: -€113,747
- Trade debts -€18,882
down €18,882 (-87.7%), from €21,520 to €2,639
- Contributions -€18,000
down €18,000 (-97.0%), from €18,550 to €550
- Tax, wage and social debts +€12,940
up €12,940 (+126%), from €10,231 to €23,171
- Gross operating margin +€47,888
up €47,888 (+1,194%), from €4,012 to €51,900
- Taxes +€8,784
up €8,784 (+366%), from €2,397 to €11,181
- Depreciation +€4,884
up €4,884 (+258%), from €1,896 to €6,780
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,745 | €163,629 | -€16,117 | -9.0% |
| Fixed assets | 21/28 | €28,070 | €22,322 | -€5,748 | -20.5% |
| Tangible fixed assets | 22/27 | €28,029 | €22,322 | -€5,707 | -20.4% |
| Furniture and vehicles | 24 | €28,029 | €22,322 | -€5,707 | -20.4% |
| Financial fixed assets | 28 | €41 | - | -€41 | |
| Current assets | 29/58 | €151,675 | €141,307 | -€10,368 | -6.8% |
| Amounts receivable within one year | 40/41 | €55,381 | €54,582 | -€799 | -1.4% |
| Trade receivables | 40 | €55,378 | €52,661 | -€2,717 | -4.9% |
| Other amounts receivable | 41 | €3 | €1,921 | +€1,919 | +73,507% |
| Cash at bank and in hand | 54/58 | €84,732 | €77,490 | -€7,242 | -8.5% |
| Deferred charges and accrued income | 490/1 | €11,562 | €9,234 | -€2,328 | -20.1% |
| Total equity and liabilities | 10/49 | €179,745 | €163,629 | -€16,117 | -9.0% |
| Equity | 10/15 | €134,152 | €550 | -€133,602 | -99.6% |
| Contributions | 10/11 | €18,550 | €550 | -€18,000 | -97.0% |
| Reserves | 13 | €115,602 | - | -€115,602 | |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €113,747 | - | -€113,747 | |
| Amounts payable | 17/49 | €45,594 | €163,079 | +€117,485 | +258% |
| Amounts payable after more than one year | 17 | €7,235 | €4,767 | -€2,467 | -34.1% |
| Financial debts | 170/4 | €7,235 | €4,767 | -€2,467 | -34.1% |
| Amounts payable within one year | 42/48 | €38,359 | €158,312 | +€119,953 | +313% |
| Current portion of amounts payable after more than one year | 42 | €2,378 | €2,467 | +€90 | +3.8% |
| Trade debts | 44 | €21,520 | €2,639 | -€18,882 | -87.7% |
| Suppliers | 440/4 | €21,520 | €2,639 | -€18,882 | -87.7% |
| Taxes, remuneration and social security | 45 | €10,231 | €23,171 | +€12,940 | +126% |
| Taxes | 450/3 | €10,231 | €23,171 | +€12,940 | +126% |
| Other amounts payable | 47/48 | €4,230 | €130,034 | +€125,805 | +2,974% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,896 | €6,780 | +€4,884 | +258% |
| Other operating charges | 640/8 | €833 | €975 | +€143 | +17.1% |
| Gross operating margin | 9900 | €4,012 | €51,900 | +€47,888 | +1,194% |
| Operating profit (loss) | 9901 | €1,283 | €44,145 | +€42,862 | +3,341% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €395 | €692 | +€297 | +75.3% |
| Recurring financial charges | 65 | €395 | €692 | +€297 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €888 | €43,453 | +€42,565 | +4,792% |
| Income taxes | 67/77 | €2,397 | €11,181 | +€8,784 | +366% |
| Profit (loss) for the period | 9904 | -€1,509 | €32,271 | +€33,780 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,509 | €32,271 | +€33,780 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.